Patrick Keane, CEO of The Action Network, joins Josh Brown and Michael Batnick at The Compound to discuss the future of sports betting and how it compares to trading.
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Sports betting is often advertised, and disguised, as part of the game: you, your friends, and a bit of money on your favorite team. But it’s addictive, costly and it’s big business across Africa. We go to Kenya to find out just how big the industry has become.
#DWAfrica #The77Percent #SportsBetting
Video Rating: / 5
How have you not seen Two for the Money…
Action network 💯 scam. Analytics proven scientifically not to work in Football ; they stealing peoples money like Maddoff and will crash
This is why its better to do sports trading on an exchange like Betfair exchange rather than placing betters with a bookmaker. With an exchange you cna hedge both sides of the trades, scalp do so much more than just straight out binary betting.
Lovely Video! Forgive me for the intrusion, I would love your opinion. Have you tried – Riddleagan Kings Software Remedy (Have a quick look on google cant remember the place now)? It is a good one off product for getting an automated betting software minus the headache. Ive heard some super things about it and my friend Sam after a lifetime of fighting got amazing success with it.
betting on a parlay doesn't have to be dumb money. If you think the odds are in your favor on two games (i.e. the odds makers got it wrong), then parlaying them multiplies your advantage.
The bald fella is very rude . He butts in too much in my opinion .
There are no stops in gambling. Bad bets are 100% loss, a proper trade allows an exit with capital mostly in tact.
Creator of a sports betting site and hasnt seen Two For The Money????? Something fishy here…..like being a broker and not knowing who Gordon Gecko is……
This was good
Absolutely no difference. Active trading is gambling.
Coming from someone who loves investing and loves sports but just left his fantasy football league, this was a terrific discussion that really examines the parallels between sports betting and investing. That being said, here come the degenerate weekly option traders trying their luck in the sports betting market! Love the podcast guys.
What are the online gaming stocks that will be in this arena?
Very interesting. Might have to get back to college football betting!
Parlays are not just for suckers but the major issues with parlays are the payout structures. 5 game parlay should pay 31-1 true odds. Sportsbooks usually only pay you back 20/25-1. Take to big of cuts out of EV. as a gambler and surviving 20 years floating to making a little along the way and seeing all the broken bodies along the way this is a major vice and a lot of people will get wiped out. Tread lightly
A minute in I thought "Oh they should have Barstool come in and talk about their betting content." Then I Googled Action Network and saw they're owned by Chernin Group which owns Barstool haha
A parlay is a lower probability bet because the probability of two independent outcomes is the product of the individual outcomes (probabilities are always less than 1, so if you multiply you get a smaller probability). Thinking a parlay is a good bet is an example of the conjunction fallacy (https://en.wikipedia.org/wiki/Conjunction_fallacy). This is the exact opposite of compound interest – if you do a parlay on five games that each have equal odds, the probability of success is 0.5^5, or just over 3%. Not a good bet
Great discussion guys
Good information. Thanks!
Fantastic conversation. Thanks, gentlemen.
what is Boni doing here?tutabet bado we are Adults bana hehehehe,Betting is for Adults,you bet responsible,its a part time sports
The government makes alot of money from this. Often in Africa this money goes to fuel the corrupt political machinery.
They should rather use this money to provide social services such as free universal healthcare.
Great work bro Obae Brian
Investing in stocks or ETFs is the better gambling.
Have any of our DW Africa followers been involved in sports betting in any way? And what's your experience of it?
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